Basel III is set to be the biggest regulatory change for decades and will drastically impact the relationship between corporate treasurers and their banks and have a significant impact bank lending, cash management and hedging.
In this article from GTNews Marcus Barrabés Rebollo from PwC looks at the major points and their potential impact.
Finding the balance between intrusive, pointless and time wasting questions and genuine requirements for Know Your Customer (KYC) due diligence was always going to be tough for banks. Stuck between a rock (regulators) and a hard place (customers), trying to please both is going to be tricky and erring on the side of regulators is an obvious move as banks aim to avoid the penalties but will it cost them customers?
This article from AFP shows real world examples of this HERE
According to Deloitte’s ninth biennial Financial Services Risk Management Survey, Operating in the new normal: Increased regulation and heightened expectations, financial institutions have far to go to ensure that they are managing their risk effectively Full article from Treasury Insider here
A good overview of the main implications of BASEL III that corporate treasures should be aware of.
"Although Basel III as a whole is fundamentally changing banks’ practices, including changes to risk management and supervision, and market discipline, in addition to the liquidity and capital requirements discussed earlier, the LCR has the most significant day-to-day impact on corporate treasurers."